0001775697-22-000464.txt : 20220526 0001775697-22-000464.hdr.sgml : 20220526 20220526122945 ACCESSION NUMBER: 0001775697-22-000464 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220526 PERIOD START: 20221231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BNY MELLON STOCK INDEX FUND, INC. CENTRAL INDEX KEY: 0000846800 IRS NUMBER: 133537664 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05719 FILM NUMBER: 22967470 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC. STREET 2: 240 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10286 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS STOCK INDEX FUND, INC. DATE OF NAME CHANGE: 20181030 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS STOCK INDEX FUND INC DATE OF NAME CHANGE: 20020514 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS LIFE & ANNUITY INDEX FUND INC DATE OF NAME CHANGE: 19920703 0000846800 S000001911 BNY Mellon Stock Index Fund, Inc. C000005028 BNY Mellon Stock Index Fund, Inc. - Initial Shares C000005029 BNY Mellon Stock Index Fund, Inc. - Service Shares NPORT-P 1 primary_doc.xml NPORT-P false 0000846800 XXXXXXXX S000001911 C000005028 C000005029 BNY Mellon Stock Index Fund, Inc. 811-05719 0000846800 549300TUUWM9ZQT5RB19 240 Greenwich Street New York 10286 212 495 1784 BNY Mellon Stock Index Fund, Inc. 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0.3339459887856 Long EC CORP US N 1 N N N DIGITAL REALTY TRUST INC 549300HKCZ31D08NEI41 DIGITAL REALTY TRUST INC 253868103 22975.00 NS USD 3257855.00 0.1137470589998 Long EC CORP US N 1 N N N WASTE MANAGEMENT INC 549300YX8JIID70NFS41 WASTE MANAGEMENT INC 94106L109 30901.00 NS USD 4897808.50 0.1710055580801 Long EC CORP US N 1 N N N BROADCOM INC 549300WV6GIDOZJTV909 BROADCOM INC 11135F101 33235.00 NS USD 20927414.80 0.7306745960055 Long EC CORP US N 1 N N N HCA HEALTHCARE INC 529900PH4ZGUH2MNEU89 HCA HEALTHCARE INC 40412C101 19331.00 NS USD 4844735.22 0.169152519958 Long EC CORP US N 1 N N N MARTIN MARIETTA MATERIALS INC 5299005MZ4WZECVATV08 MARTIN MARIETTA MATERIALS INC 573284106 4996.00 NS USD 1922910.44 0.0671378582748 Long EC CORP US N 1 N N N EXTRA SPACE STORAGE INC 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE INC 30225T102 10755.00 NS USD 2211228.00 0.0772043819562 Long EC CORP US N 1 N N N TRANE TECHNOLOGIES PLC 549300BURLR9SLYY2705 TRANE TECHNOLOGIES PLC N/A 19323.00 NS USD 2950622.10 0.1030201117283 Long EC CORP IE N 1 N N N AMEREN CORP XRZQ5S7HYJFPHJ78L959 AMEREN CORP 023608102 19991.00 NS USD 1874356.16 0.0654425997222 Long EC CORP US N 1 N N N AMERICAN INTERNATIONAL GROUP INC ODVCVCQG2BP6VHV36M30 AMERICAN INTERNATIONAL GROUP INC 026874784 66670.00 NS USD 4184875.90 0.1461137238779 Long EC CORP US N 1 N N N M&T BANK CORP 549300WYXDDBYRASEG81 M&T BANK CORP 55261F104 10256.00 NS USD 1738392.00 0.0606954506535 Long EC CORP US N 1 N N N PUBLIC STORAGE 549300LMZF40TKJ6DM64 PUBLIC STORAGE 74460D109 12400.00 NS USD 4839472.00 0.1689687561638 Long EC CORP US N 1 N N N TRAVELERS COS INC 549300Y650407RU8B149 TRAVELERS COS INC/THE 89417E109 19639.00 NS USD 3588634.47 0.1252961279086 Long EC CORP US N 1 N N N BECTON DICKINSON AND CO ICE2EP6D98PQUILVRZ91 BECTON DICKINSON AND CO 075887109 22985.00 NS USD 6114010.00 0.21346887943 Long EC CORP US N 1 N N N ROSS STORES INC 549300ENZFLPGRDFZQ60 ROSS STORES INC 778296103 28157.00 NS USD 2547082.22 0.0889306342841 Long EC CORP US N 1 N N N AMETEK INC 549300WZDEF9KKE40E98 AMETEK INC 031100100 18752.00 NS USD 2497391.36 0.0871956923716 Long EC CORP US N 1 N N N SIMON PROPERTY GROUP INC 529900GQL5X8H7AO3T64 SIMON PROPERTY GROUP INC 828806109 26734.00 NS USD 3517125.04 0.1227993969758 Long EC CORP US N 1 N N N UNION PACIFIC CORP 549300LMMRSZZCZ8CL11 UNION PACIFIC CORP 907818108 51267.00 NS USD 14006657.07 0.4890383544177 Long EC CORP US N 1 N N N EATON CORP PLC 549300VDIGTMXUNT7H71 EATON CORP PLC N/A 31865.00 NS USD 4835832.40 0.1688416805892 Long EC CORP IE N 1 N N N CROWN CASTLE INTL CORP 54930012H97VSM0I2R19 CROWN CASTLE INTERNATIONAL CORP 22822V101 34975.00 NS USD 6456385.00 0.2254228028935 Long EC CORP US N 1 N N N PUBLIC SERVICE ENTERPRISE GROUP INC PUSS41EMO3E6XXNV3U28 PUBLIC SERVICE ENTERPRISE GROUP INC 744573106 41002.00 NS USD 2870140.00 0.1002101026343 Long EC CORP US N 1 N N N VERISK ANALYTICS INC 549300I1YSWNIRKBWP67 VERISK ANALYTICS INC 92345Y106 12843.00 NS USD 2756493.09 0.096242153853 Long EC CORP US N 1 N N N DREYFUS INSTITUTIONAL PREFERRE 549300RBWL04JG8SIX57 Dreyfus Institutional Preferred Government Plus Money Market Fund N/A 29240583.45 OU Other Units USD 29240583.45 1.0209264595497 Long STIV RF US N 1 2099-12-01 Variable 0.305872 N N N N N N ESM2 INDEX N/A S&P500 EMINI FUT JUN22 N/A 139.00 NC USD 31488712.50 1.0994192309253 Long DE US N 1 N/A N/A Long ESM2 INDEX_REF S&P500 EMINI FUT JUN22 2022-06-17 31488712.50 USD 252767.86 N N N 99VVB9HH4 N/A DREYFUS INST PREF GOVT PLUS-SL #4134 99VVB9HH4 1575000.31 OU Other Units USD 1575000.31 0.0549906773586 Long RF US N 1 N N 2022-05-25 BNY Mellon Advantage Funds, Inc. James Windels James Windels Fund Treasurer XXXX NPORT-EX 2 c10730bnymellonst-march20221.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.

March 31, 2022 (Unaudited)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6%

     

Automobiles & Components - 3.0%

     

Aptiv

   

21,998

a 

2,633,381

 

BorgWarner

   

18,758

 

729,686

 

Ford Motor

   

316,292

 

5,348,498

 

General Motors

   

116,571

a 

5,098,816

 

Tesla

   

67,385

a 

72,614,076

 
    

86,424,457

 

Banks - 4.1%

     

Bank of America

   

572,196

 

23,585,919

 

Citigroup

   

158,173

 

8,446,438

 

Citizens Financial Group

   

35,585

 

1,613,068

 

Comerica

   

10,531

 

952,318

 

Fifth Third Bancorp

   

55,644

 

2,394,918

 

First Republic Bank

   

14,324

 

2,321,920

 

Huntington Bancshares

   

119,194

 

1,742,616

 

JPMorgan Chase & Co.

   

237,284

 

32,346,555

 

KeyCorp

   

76,744

 

1,717,531

 

M&T Bank

   

10,256

 

1,738,392

 

People's United Financial

   

37,552

 

750,664

 

Regions Financial

   

75,689

 

1,684,837

 

Signature Bank

   

4,761

 

1,397,306

 

SVB Financial Group

   

4,771

a 

2,669,136

 

The PNC Financial Services Group

   

33,937

 

6,259,680

 

Truist Financial

   

106,006

 

6,010,540

 

U.S. Bancorp

   

108,166

 

5,749,023

 

Wells Fargo & Co.

   

312,787

 

15,157,658

 

Zions Bancorp

   

12,205

 

800,160

 
    

117,338,679

 

Capital Goods - 5.7%

     

3M

   

46,236

 

6,883,616

 

A.O. Smith

   

10,387

 

663,625

 

Allegion

   

7,361

 

808,091

 

AMETEK

   

18,752

 

2,497,391

 

Carrier Global

   

67,843

a 

3,111,958

 

Caterpillar

   

43,581

 

9,710,718

 

Cummins

   

11,344

 

2,326,768

 

Deere & Co.

   

22,673

 

9,419,725

 

Dover

   

11,509

 

1,805,762

 

Eaton

   

31,865

 

4,835,832

 

Emerson Electric

   

47,607

 

4,667,866

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Capital Goods - 5.7% (continued)

     

Fastenal

   

46,628

 

2,769,703

 

Fortive

   

28,406

 

1,730,778

 

Fortune Brands Home & Security

   

10,884

 

808,464

 

Generac Holdings

   

5,078

a 

1,509,486

 

General Dynamics

   

18,400

 

4,437,712

 

General Electric

   

88,170

 

8,067,555

 

Honeywell International

   

55,490

 

10,797,244

 

Howmet Aerospace

   

30,328

 

1,089,988

 

Huntington Ingalls Industries

   

3,055

 

609,289

 

IDEX

   

5,794

 

1,110,884

 

Illinois Tool Works

   

22,930

 

4,801,542

 

Ingersoll Rand

   

32,617

 

1,642,266

 

Johnson Controls International

   

56,714

 

3,718,737

 

L3Harris Technologies

   

15,755

 

3,914,645

 

Lockheed Martin

   

19,509

 

8,611,273

 

Masco

   

19,584

 

998,784

 

Nordson

   

4,356

 

989,160

 

Northrop Grumman

   

11,967

 

5,351,882

 

Otis Worldwide

   

34,503

 

2,655,006

 

PACCAR

   

28,153

 

2,479,435

 

Parker-Hannifin

   

10,492

 

2,977,210

 

Pentair

   

13,021

 

705,868

 

Quanta Services

   

11,714

 

1,541,680

 

Raytheon Technologies

   

120,971

 

11,984,597

 

Rockwell Automation

   

9,420

 

2,637,883

 

Roper Technologies

   

8,575

 

4,049,372

 

Snap-on

   

3,913

 

804,043

 

Stanley Black & Decker

   

13,212

 

1,846,905

 

Textron

   

17,515

 

1,302,766

 

The Boeing Company

   

44,359

a 

8,494,748

 

Trane Technologies

   

19,323

 

2,950,622

 

TransDigm Group

   

4,249

a 

2,768,393

 

United Rentals

   

5,823

a 

2,068,388

 

W.W. Grainger

   

3,503

 

1,806,812

 

Westinghouse Air Brake Technologies

   

14,723

 

1,415,911

 

Xylem

   

15,079

 

1,285,636

 
    

163,466,019

 

Commercial & Professional Services - .8%

     

Cintas

   

7,112

 

3,025,374

 

Copart

   

16,957

a 

2,127,595

 

Equifax

   

9,885

 

2,343,733

 

Jacobs Engineering Group

   

10,859

 

1,496,479

 

Leidos Holdings

   

11,807

 

1,275,392

 

Nielsen Holdings

   

27,408

 

746,594

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Commercial & Professional Services - .8% (continued)

     

Republic Services

   

16,444

 

2,178,830

 

Robert Half International

   

9,206

 

1,051,141

 

Rollins

   

17,956

 

629,358

 

Verisk Analytics

   

12,843

 

2,756,493

 

Waste Management

   

30,901

 

4,897,808

 
    

22,528,797

 

Consumer Durables & Apparel - 1.0%

     

D.R. Horton

   

26,433

 

1,969,523

 

Garmin

   

12,175

 

1,444,077

 

Hasbro

   

9,631

 

788,972

 

Lennar, Cl. A

   

21,039

 

1,707,736

 

Mohawk Industries

   

4,268

a 

530,086

 

Newell Brands

   

29,432

 

630,139

 

NIKE, Cl. B

   

102,598

 

13,805,587

 

NVR

   

257

a 

1,148,088

 

PulteGroup

   

20,437

 

856,310

 

PVH

   

5,732

 

439,129

 

Ralph Lauren

   

4,265

 

483,822

 

Tapestry

   

21,875

 

812,656

 

Under Armour, Cl. A

   

16,661

a 

283,570

 

Under Armour, Cl. C

   

16,702

a 

259,883

 

VF

   

26,172

 

1,488,140

 

Whirlpool

   

4,948

 

854,915

 
    

27,502,633

 

Consumer Services - 2.0%

     

Booking Holdings

   

3,297

a 

7,742,840

 

Caesars Entertainment

   

17,661

a 

1,366,255

 

Carnival

   

63,802

a 

1,290,076

 

Chipotle Mexican Grill

   

2,286

a 

3,616,521

 

Darden Restaurants

   

10,384

 

1,380,553

 

Domino's Pizza

   

2,930

 

1,192,539

 

Expedia Group

   

12,107

a 

2,368,977

 

Hilton Worldwide Holdings

   

22,653

a 

3,437,366

 

Las Vegas Sands

   

28,992

a 

1,126,919

 

Marriott International, Cl. A

   

21,647

a 

3,804,460

 

McDonald's

   

60,248

 

14,898,125

 

MGM Resorts International

   

30,672

 

1,286,384

 

Norwegian Cruise Line Holdings

   

29,711

a,b 

650,077

 

Penn National Gaming

   

12,587

a 

533,941

 

Royal Caribbean Cruises

   

17,932

a 

1,502,343

 

Starbucks

   

92,593

 

8,423,185

 

Wynn Resorts

   

8,342

a 

665,191

 

Yum! Brands

   

23,279

 

2,759,260

 
    

58,045,012

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Diversified Financials - 5.6%

     

American Express

   

49,510

 

9,258,370

 

Ameriprise Financial

   

9,018

 

2,708,646

 

Berkshire Hathaway, Cl. B

   

147,416

a 

52,024,581

 

BlackRock

   

11,465

 

8,761,209

 

Capital One Financial

   

33,507

 

4,399,134

 

Cboe Global Markets

   

8,403

 

961,471

 

CME Group

   

28,802

 

6,850,844

 

Discover Financial Services

   

23,775

 

2,619,767

 

FactSet Research Systems

   

3,060

 

1,328,499

 

Franklin Resources

   

23,930

 

668,126

 

Intercontinental Exchange

   

45,109

 

5,959,801

 

Invesco

   

29,300

 

675,658

 

MarketAxess Holdings

   

3,002

 

1,021,280

 

Moody's

   

12,767

 

4,307,713

 

Morgan Stanley

   

115,068

 

10,056,943

 

MSCI

   

6,707

 

3,372,816

 

Nasdaq

   

9,761

 

1,739,410

 

Northern Trust

   

16,674

 

1,941,687

 

Raymond James Financial

   

14,728

 

1,618,754

 

S&P Global

   

28,333

 

11,621,630

 

State Street

   

29,693

 

2,586,854

 

Synchrony Financial

   

43,669

 

1,520,118

 

T. Rowe Price Group

   

17,946

 

2,713,256

 

The Bank of New York Mellon

   

60,157

 

2,985,592

 

The Charles Schwab

   

120,709

 

10,176,976

 

The Goldman Sachs Group

   

27,219

 

8,984,992

 
    

160,864,127

 

Energy - 4.2%

     

APA

   

29,545

 

1,221,095

 

Baker Hughes

   

72,903

 

2,654,398

 

Chevron

   

154,778

 

25,202,502

 

ConocoPhillips

   

105,612

 

10,561,200

 

Coterra Energy

   

62,290

 

1,679,961

 

Devon Energy

   

50,812

 

3,004,514

 

Diamondback Energy

   

13,531

 

1,854,829

 

EOG Resources

   

47,501

 

5,663,544

 

Exxon Mobil

   

339,919

 

28,073,910

 

Halliburton

   

71,323

 

2,701,002

 

Hess

   

21,313

 

2,281,344

 

Kinder Morgan

   

158,107

 

2,989,803

 

Marathon Oil

   

66,560

 

1,671,322

 

Marathon Petroleum

   

46,607

 

3,984,898

 

Occidental Petroleum

   

70,985

 

4,027,689

 

ONEOK

   

35,781

 

2,527,212

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Energy - 4.2% (continued)

     

Phillips 66

   

37,660

 

3,253,447

 

Pioneer Natural Resources

   

18,443

 

4,611,303

 

Schlumberger

   

113,708

 

4,697,277

 

The Williams Companies

   

98,576

 

3,293,424

 

Valero Energy

   

33,120

 

3,363,005

 
    

119,317,679

 

Food & Staples Retailing - 1.6%

     

Costco Wholesale

   

35,694

 

20,554,390

 

Sysco

   

41,584

 

3,395,334

 

The Kroger Company

   

55,127

 

3,162,636

 

Walgreens Boots Alliance

   

58,326

 

2,611,255

 

Walmart

   

114,191

 

17,005,324

 
    

46,728,939

 

Food, Beverage & Tobacco - 3.3%

     

Altria Group

   

146,690

 

7,664,552

 

Archer-Daniels-Midland

   

45,400

 

4,097,804

 

Brown-Forman, Cl. B

   

14,475

 

970,115

 

Campbell Soup

   

15,654

 

697,699

 

Conagra Brands

   

37,755

 

1,267,435

 

Constellation Brands, Cl. A

   

13,189

 

3,037,690

 

General Mills

   

49,222

 

3,333,314

 

Hormel Foods

   

22,277

 

1,148,157

 

Kellogg

   

21,308

 

1,374,153

 

Lamb Weston Holdings

   

11,358

 

680,458

 

McCormick & Co.

   

19,869

 

1,982,926

 

Molson Coors Beverage, Cl. B

   

16,621

 

887,229

 

Mondelez International, Cl. A

   

112,009

 

7,031,925

 

Monster Beverage

   

30,165

a 

2,410,183

 

PepsiCo

   

111,016

 

18,581,858

 

Philip Morris International

   

125,258

 

11,766,737

 

The Coca-Cola Company

   

312,110

 

19,350,820

 

The Hershey Company

   

11,690

 

2,532,405

 

The J.M. Smucker Company

   

9,090

 

1,230,877

 

The Kraft Heinz Company

   

55,251

 

2,176,337

 

Tyson Foods, Cl. A

   

23,673

 

2,121,811

 
    

94,344,485

 

Health Care Equipment & Services - 6.4%

     

Abbott Laboratories

   

141,980

 

16,804,753

 

ABIOMED

   

3,573

a 

1,183,521

 

Align Technology

   

5,817

a 

2,536,212

 

AmerisourceBergen

   

11,955

 

1,849,558

 

Anthem

   

19,465

 

9,561,597

 

Baxter International

   

40,630

 

3,150,450

 

Becton Dickinson & Co.

   

22,985

 

6,114,010

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Health Care Equipment & Services - 6.4% (continued)

     

Boston Scientific

   

115,646

a 

5,121,961

 

Cardinal Health

   

22,628

 

1,283,008

 

Centene

   

47,404

a 

3,990,943

 

Cerner

   

23,694

 

2,216,811

 

Cigna

   

25,996

 

6,228,902

 

CVS Health

   

105,995

 

10,727,754

 

DaVita

   

5,719

a 

646,876

 

Dentsply Sirona

   

18,101

 

890,931

 

DexCom

   

7,873

a 

4,027,827

 

Edwards Lifesciences

   

49,968

a 

5,882,233

 

HCA Healthcare

   

19,331

 

4,844,735

 

Henry Schein

   

11,550

a 

1,007,044

 

Hologic

   

20,152

a 

1,548,077

 

Humana

   

10,239

 

4,455,706

 

IDEXX Laboratories

   

6,756

a 

3,695,937

 

Intuitive Surgical

   

28,661

a 

8,646,450

 

Laboratory Corp. of America Holdings

   

7,781

a 

2,051,538

 

McKesson

   

12,285

 

3,760,807

 

Medtronic

   

108,069

 

11,990,256

 

Molina Healthcare

   

4,701

a 

1,568,207

 

Quest Diagnostics

   

9,708

 

1,328,637

 

ResMed

   

11,811

 

2,864,286

 

Steris

   

8,003

 

1,934,885

 

Stryker

   

26,957

 

7,206,954

 

Teleflex

   

3,771

 

1,338,064

 

The Cooper Companies

   

4,098

 

1,711,284

 

UnitedHealth Group

   

75,814

 

38,662,866

 

Universal Health Services, Cl. B

   

5,901

 

855,350

 

Zimmer Biomet Holdings

   

16,802

 

2,148,976

 
    

183,837,406

 

Household & Personal Products - 1.6%

     

Church & Dwight

   

19,156

 

1,903,723

 

Colgate-Palmolive

   

67,485

 

5,117,388

 

Kimberly-Clark

   

26,689

 

3,287,017

 

The Clorox Company

   

9,790

 

1,361,104

 

The Estee Lauder Companies, Cl. A

   

18,603

 

5,065,969

 

The Procter & Gamble Company

   

192,951

 

29,482,913

 
    

46,218,114

 

Insurance - 2.2%

     

Aflac

   

49,025

 

3,156,720

 

American International Group

   

66,670

 

4,184,876

 

Aon, Cl. A

   

17,290

 

5,630,143

 

Arthur J. Gallagher & Co.

   

16,372

 

2,858,551

 

Assurant

   

4,565

 

830,054

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Insurance - 2.2% (continued)

     

Brown & Brown

   

18,401

 

1,329,840

 

Chubb

   

34,883

 

7,461,474

 

Cincinnati Financial

   

11,922

 

1,620,915

 

Everest Re Group

   

3,114

 

938,497

 

Globe Life

   

7,228

 

727,137

 

Lincoln National

   

14,559

 

951,576

 

Loews

   

15,764

 

1,021,822

 

Marsh & McLennan

   

40,539

 

6,908,656

 

MetLife

   

57,416

 

4,035,196

 

Principal Financial Group

   

19,816

 

1,454,693

 

Prudential Financial

   

30,350

 

3,586,459

 

The Allstate

   

22,612

 

3,131,988

 

The Hartford Financial Services Group

   

27,904

 

2,003,786

 

The Progressive

   

46,637

 

5,316,152

 

The Travelers Companies

   

19,639

 

3,588,634

 

W.R. Berkley

   

16,863

 

1,122,874

 

Willis Towers Watson

   

9,982

 

2,357,948

 
    

64,217,991

 

Materials - 2.8%

     

Air Products & Chemicals

   

17,688

 

4,420,408

 

Albemarle

   

9,391

 

2,076,820

 

Amcor

   

128,825

 

1,459,587

 

Avery Dennison

   

6,592

 

1,146,810

 

Ball

   

26,304

 

2,367,360

 

Celanese

   

8,844

 

1,263,542

 

CF Industries Holdings

   

16,948

 

1,746,661

 

Corteva

   

57,503

 

3,305,272

 

Dow

   

58,944

 

3,755,912

 

DuPont de Nemours

   

41,326

 

3,040,767

 

Eastman Chemical

   

10,384

 

1,163,631

 

Ecolab

   

19,554

 

3,452,454

 

FMC

   

10,145

 

1,334,778

 

Freeport-McMoRan

   

117,080

 

5,823,559

 

International Flavors & Fragrances

   

20,211

 

2,654,311

 

International Paper

   

32,535

 

1,501,490

 

Linde

   

41,154

 

13,145,822

 

LyondellBasell Industries, Cl. A

   

21,399

 

2,200,245

 

Martin Marietta Materials

   

4,996

 

1,922,910

 

Newmont

   

64,987

 

5,163,217

 

Nucor

   

21,895

 

3,254,692

 

Packaging Corp. of America

   

7,646

 

1,193,617

 

PPG Industries

   

19,268

 

2,525,457

 

Sealed Air

   

12,617

 

844,834

 

The Mosaic Company

   

30,453

 

2,025,124

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Materials - 2.8% (continued)

     

The Sherwin-Williams Company

   

19,368

 

4,834,640

 

Vulcan Materials

   

10,392

 

1,909,010

 

WestRock

   

21,030

 

989,041

 
    

80,521,971

 

Media & Entertainment - 8.8%

     

Activision Blizzard

   

62,421

 

5,000,546

 

Alphabet, Cl. A

   

24,209

a 

67,333,702

 

Alphabet, Cl. C

   

22,358

a 

62,445,670

 

Charter Communications, Cl. A

   

9,594

a 

5,233,719

 

Comcast, Cl. A

   

364,142

 

17,049,128

 

Discovery, Cl. A

   

14,106

a 

351,522

 

Discovery, Cl. C

   

26,199

a 

654,189

 

DISH Network, Cl. A

   

20,340

a 

643,761

 

Electronic Arts

   

22,401

 

2,833,951

 

Fox, Cl. A

   

24,830

 

979,544

 

Fox, Cl. B

   

10,859

 

393,965

 

Live Nation Entertainment

   

10,727

a,b 

1,261,924

 

Match Group

   

22,670

a 

2,465,136

 

Meta Platforms, Cl. A

   

185,870

a 

41,330,053

 

Netflix

   

35,821

a 

13,418,188

 

News Corporation, Cl. A

   

30,308

 

671,322

 

News Corporation, Cl. B

   

9,583

 

215,809

 

Omnicom Group

   

17,727

 

1,504,668

 

Paramount Global, Cl. B

   

49,863

b 

1,885,320

 

Take-Two Interactive Software

   

9,121

a 

1,402,263

 

The Interpublic Group of Companies

   

31,064

 

1,101,219

 

The Walt Disney Company

   

145,899

a 

20,011,507

 

Twitter

   

64,866

a 

2,509,666

 
    

250,696,772

 

Pharmaceuticals Biotechnology & Life Sciences - 8.2%

     

AbbVie

   

141,947

 

23,011,028

 

Agilent Technologies

   

24,024

 

3,179,096

 

Amgen

   

45,226

 

10,936,551

 

Biogen

   

11,693

a 

2,462,546

 

Bio-Rad Laboratories, Cl. A

   

1,702

a 

958,617

 

Bio-Techne

   

3,003

 

1,300,419

 

Bristol-Myers Squibb

   

175,456

 

12,813,552

 

Catalent

   

13,636

a 

1,512,232

 

Charles River Laboratories International

   

4,013

a 

1,139,572

 

Danaher

   

51,063

 

14,978,310

 

Eli Lilly & Co.

   

64,068

 

18,347,153

 

Gilead Sciences

   

100,717

 

5,987,626

 

Illumina

   

12,665

a 

4,425,151

 

Incyte

   

14,735

a 

1,170,254

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Pharmaceuticals Biotechnology & Life Sciences - 8.2% (continued)

     

IQVIA Holdings

   

15,214

a 

3,517,629

 

Johnson & Johnson

   

211,910

 

37,556,809

 

Merck & Co.

   

202,812

 

16,640,725

 

Mettler-Toledo International

   

1,815

a 

2,492,340

 

Moderna

   

28,592

a 

4,925,258

 

Organon & Co.

   

22,144

 

773,490

 

PerkinElmer

   

10,349

 

1,805,487

 

Pfizer

   

452,346

 

23,417,952

 

Regeneron Pharmaceuticals

   

8,554

a 

5,974,285

 

Thermo Fisher Scientific

   

31,799

 

18,782,079

 

Vertex Pharmaceuticals

   

20,414

a 

5,327,442

 

Viatris

   

96,051

 

1,045,035

 

Waters

   

5,013

a 

1,555,985

 

West Pharmaceutical Services

   

5,997

 

2,463,028

 

Zoetis

   

37,988

 

7,164,157

 
    

235,663,808

 

Real Estate - 2.9%

     

Alexandria Real Estate Equities

   

11,349

c 

2,283,986

 

American Tower

   

36,505

c 

9,170,786

 

AvalonBay Communities

   

11,326

c 

2,813,039

 

Boston Properties

   

11,272

c 

1,451,834

 

CBRE Group, Cl. A

   

26,345

a 

2,411,094

 

Crown Castle International

   

34,975

c 

6,456,385

 

Digital Realty Trust

   

22,975

c 

3,257,855

 

Duke Realty

   

30,313

c 

1,759,973

 

Equinix

   

7,182

c 

5,326,315

 

Equity Residential

   

27,621

c 

2,483,680

 

Essex Property Trust

   

5,052

c 

1,745,365

 

Extra Space Storage

   

10,755

c 

2,211,228

 

Federal Realty Investment Trust

   

5,746

c 

701,414

 

Healthpeak Properties

   

44,768

c 

1,536,885

 

Host Hotels & Resorts

   

56,241

c 

1,092,763

 

Iron Mountain

   

24,240

c 

1,343,138

 

Kimco Realty

   

51,986

c 

1,284,054

 

Mid-America Apartment Communities

   

9,312

c 

1,950,398

 

Prologis

   

59,231

c 

9,564,622

 

Public Storage

   

12,400

c 

4,839,472

 

Realty Income

   

44,437

c 

3,079,484

 

Regency Centers

   

12,917

c 

921,499

 

SBA Communications

   

8,625

c 

2,967,862

 

Simon Property Group

   

26,734

c 

3,517,125

 

UDR

   

24,072

c 

1,381,011

 

Ventas

   

33,178

c 

2,049,073

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Real Estate - 2.9% (continued)

     

Vornado Realty Trust

   

13,858

c 

628,045

 

Welltower

   

35,037

c 

3,368,457

 

Weyerhaeuser

   

60,144

c 

2,279,458

 
    

83,876,300

 

Retailing - 6.9%

     

Advance Auto Parts

   

5,059

 

1,047,011

 

Amazon.com

   

35,225

a 

114,831,739

 

AutoZone

   

1,684

a 

3,443,073

 

Bath & Body Works

   

20,746

 

991,659

 

Best Buy

   

17,566

 

1,596,749

 

CarMax

   

12,960

a 

1,250,381

 

Dollar General

   

18,734

 

4,170,750

 

Dollar Tree

   

17,943

a 

2,873,571

 

eBay

   

50,398

 

2,885,789

 

Etsy

   

10,345

a,b 

1,285,677

 

Genuine Parts

   

11,902

 

1,499,890

 

LKQ

   

20,378

 

925,365

 

Lowe's

   

54,233

 

10,965,370

 

O'Reilly Automotive

   

5,410

a 

3,705,634

 

Pool

   

3,117

 

1,318,023

 

Ross Stores

   

28,157

 

2,547,082

 

Target

   

38,567

 

8,184,689

 

The Home Depot

   

84,056

 

25,160,482

 

The TJX Companies

   

96,561

 

5,849,665

 

Tractor Supply

   

9,183

 

2,143,037

 

Ulta Beauty

   

4,237

a 

1,687,258

 
    

198,362,894

 

Semiconductors & Semiconductor Equipment - 6.5%

     

Advanced Micro Devices

   

131,648

a 

14,394,392

 

Analog Devices

   

42,287

 

6,984,967

 

Applied Materials

   

71,479

 

9,420,932

 

Broadcom

   

33,235

 

20,927,415

 

Enphase Energy

   

10,917

a 

2,202,832

 

Intel

   

327,532

 

16,232,486

 

KLA

   

12,175

 

4,456,780

 

Lam Research

   

11,307

 

6,078,756

 

Microchip Technology

   

44,554

 

3,347,788

 

Micron Technology

   

89,494

 

6,970,688

 

Monolithic Power Systems

   

3,362

 

1,632,856

 

NVIDIA

   

201,237

 

54,909,528

 

NXP Semiconductors

   

21,572

 

3,992,546

 

Qorvo

   

8,824

a 

1,095,058

 

Qualcomm

   

90,718

 

13,863,525

 

Skyworks Solutions

   

13,277

 

1,769,559

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Semiconductors & Semiconductor Equipment - 6.5% (continued)

     

SolarEdge Technologies

   

4,232

a 

1,364,270

 

Teradyne

   

13,240

 

1,565,365

 

Texas Instruments

   

74,418

 

13,654,215

 
    

184,863,958

 

Software & Services - 14.2%

     

Accenture, Cl. A

   

50,716

 

17,102,957

 

Adobe

   

37,969

a 

17,299,436

 

Akamai Technologies

   

12,395

a 

1,479,839

 

Ansys

   

6,923

a 

2,199,091

 

Autodesk

   

17,552

a 

3,762,271

 

Automatic Data Processing

   

33,801

 

7,691,080

 

Broadridge Financial Solutions

   

9,265

 

1,442,653

 

Cadence Design Systems

   

22,511

a 

3,702,159

 

Ceridian HCM Holding

   

10,617

a 

725,778

 

Citrix Systems

   

10,513

a 

1,060,762

 

Cognizant Technology Solutions, Cl. A

   

41,642

 

3,734,038

 

DXC Technology

   

21,250

a 

693,388

 

EPAM Systems

   

4,599

a 

1,364,109

 

Fidelity National Information Services

   

48,893

 

4,909,835

 

Fiserv

   

47,589

a 

4,825,525

 

FLEETCOR Technologies

   

6,585

a 

1,640,060

 

Fortinet

   

11,022

a 

3,766,658

 

Gartner

   

6,603

a 

1,964,128

 

Global Payments

   

23,173

 

3,170,993

 

International Business Machines

   

72,006

 

9,362,220

 

Intuit

   

22,683

 

10,906,894

 

Jack Henry & Associates

   

6,141

 

1,210,084

 

Mastercard, Cl. A

   

69,656

 

24,893,661

 

Microsoft

   

603,460

 

186,052,753

 

NortonLifeLock

   

45,907

 

1,217,454

 

Oracle

   

126,825

 

10,492,232

 

Paychex

   

26,028

 

3,552,041

 

Paycom Software

   

3,857

a 

1,335,988

 

PayPal Holdings

   

94,344

a 

10,910,884

 

PTC

   

8,156

a 

878,564

 

Salesforce

   

79,287

a 

16,834,216

 

ServiceNow

   

16,112

a 

8,972,612

 

Synopsys

   

12,128

a 

4,041,899

 

Tyler Technologies

   

3,273

a 

1,456,125

 

Verisign

   

7,806

a 

1,736,523

 

Visa, Cl. A

   

133,495

b 

29,605,186

 
    

405,994,096

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Technology Hardware & Equipment - 9.5%

     

Amphenol, Cl. A

   

48,652

 

3,665,928

 

Apple

   

1,247,951

 

217,904,724

 

Arista Networks

   

17,799

a 

2,473,705

 

CDW

   

10,897

 

1,949,364

 

Cisco Systems

   

338,640

 

18,882,566

 

Corning

   

62,321

 

2,300,268

 

F5

   

4,516

a 

943,618

 

Hewlett Packard Enterprise

   

108,637

 

1,815,324

 

HP

   

87,153

 

3,163,654

 

IPG Photonics

   

3,052

a 

334,988

 

Juniper Networks

   

25,338

 

941,560

 

Keysight Technologies

   

14,947

a 

2,361,178

 

Motorola Solutions

   

13,389

 

3,242,816

 

NetApp

   

18,601

 

1,543,883

 

Seagate Technology Holdings

   

16,228

 

1,458,897

 

TE Connectivity

   

26,079

 

3,415,827

 

Teledyne Technologies

   

3,716

a 

1,756,293

 

Trimble

   

20,379

a 

1,470,141

 

Western Digital

   

24,308

a 

1,206,892

 

Zebra Technologies, Cl. A

   

4,331

a 

1,791,735

 
    

272,623,361

 

Telecommunication Services - 1.3%

     

AT&T

   

575,040

 

13,588,195

 

Lumen Technologies

   

78,537

b 

885,112

 

T-Mobile US

   

46,873

a 

6,016,150

 

Verizon Communications

   

337,918

 

17,213,543

 
    

37,703,000

 

Transportation - 2.0%

     

Alaska Air Group

   

9,562

a 

554,692

 

American Airlines Group

   

51,066

a,b 

931,955

 

C.H. Robinson Worldwide

   

10,844

 

1,168,007

 

CSX

   

178,201

 

6,673,627

 

Delta Air Lines

   

51,171

a 

2,024,836

 

Expeditors International of Washington

   

13,611

a 

1,404,111

 

FedEx

   

19,775

 

4,575,737

 

J.B. Hunt Transport Services

   

6,671

 

1,339,470

 

Norfolk Southern

   

19,541

 

5,573,484

 

Old Dominion Freight Line

   

7,339

 

2,192,013

 

Southwest Airlines

   

47,632

a 

2,181,546

 

Union Pacific

   

51,267

 

14,006,657

 

United Airlines Holdings

   

26,361

a,b 

1,222,096

 

United Parcel Service, Cl. B

   

58,545

 

12,555,561

 
    

56,403,792

 


        
 

Description

   

Shares

 

Value ($)

 

Common Stocks - 107.6% (continued)

     

Utilities - 3.0%

     

Alliant Energy

   

19,743

 

1,233,543

 

Ameren

   

19,991

 

1,874,356

 

American Electric Power

   

40,664

 

4,057,047

 

American Water Works

   

14,718

 

2,436,271

 

Atmos Energy

   

10,998

 

1,314,151

 

CenterPoint Energy

   

51,062

 

1,564,540

 

CMS Energy

   

23,009

 

1,609,249

 

Consolidated Edison

   

28,766

 

2,723,565

 

Constellation Energy

   

26,515

 

1,491,469

 

Dominion Energy

   

65,793

 

5,590,431

 

DTE Energy

   

16,208

 

2,142,860

 

Duke Energy

   

61,678

 

6,886,965

 

Edison International

   

29,616

 

2,076,082

 

Entergy

   

16,011

 

1,869,284

 

Evergy

   

18,122

 

1,238,457

 

Eversource Energy

   

27,659

 

2,439,247

 

Exelon

   

79,547

 

3,788,824

 

FirstEnergy

   

45,271

 

2,076,128

 

NextEra Energy

   

157,544

 

13,345,552

 

NiSource

   

30,947

 

984,115

 

NRG Energy

   

19,152

 

734,671

 

Pinnacle West Capital

   

9,947

 

776,861

 

PPL

   

60,277

 

1,721,511

 

Public Service Enterprise Group

   

41,002

 

2,870,140

 

Sempra Energy

   

25,506

 

4,288,069

 

The AES

   

50,622

 

1,302,504

 

The Southern Company

   

86,184

 

6,249,202

 

WEC Energy Group

   

25,385

 

2,533,677

 

Xcel Energy

   

42,817

 

3,090,103

 
    

84,308,874

 

Total Common Stocks (cost $713,743,021)

   

3,081,853,164

 
  

1-Day
Yield (%)

     

Investment Companies - 1.0%

     

Registered Investment Companies - 1.0%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional Shares
(cost $29,240,583)

 

0.31

 

29,240,583

d 

 29,240,583

 


STATEMENT OF INVESTMENTS (Unaudited) (continued)

        
 
        

Investment of Cash Collateral for Securities Loaned - .1%

     

Registered Investment Companies - .1%

     

Dreyfus Institutional Preferred Government Plus Money Market Fund, SL Shares
(cost $1,575,000)

 

0.31

 

1,575,000

d 

 1,575,000

 

Total Investments (cost $744,558,604)

 

108.7%

 

3,112,668,747

 

Liabilities, Less Cash and Receivables

 

(8.7%)

 

(248,546,344)

 

Net Assets

 

100.0%

 

2,864,122,403

 

a Non-income producing security.

b Security, or portion thereof, on loan. At March 31, 2022, the value of the fund’s securities on loan was $34,733,237 and the value of the collateral was $35,823,939, consisting of cash collateral of $1,575,000 and U.S. Government & Agency securities valued at $34,248,939. In addition, the value of collateral may include pending sales that are also on loan.

c Investment in real estate investment trust within the United States.

d Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company’s prospectus.


STATEMENT OF FUTURES
BNY Mellon Stock Index Fund, Inc.

March 31, 2022 (Unaudited)

       

Futures

   

Description

Number of
Contracts

Expiration

Notional
Value ($)

Market
Value ($)

Unrealized Appreciation ($)

 

Futures Long

  

Standard & Poor's 500 E-mini

140

6/17/2022

31,464,909

31,715,250

250,341

 

Gross Unrealized Appreciation

 

250,341

 

See notes to financial statements.


STATEMENT OF INVESTMENTS
BNY Mellon Stock Index Fund, Inc.

March 31, 2022 (Unaudited)

The following is a summary of the inputs used as of March 31, 2022 in valuing the fund’s investments:

       
 

Level 1-Unadjusted Quoted Prices

Level 2- Other Significant Observable Inputs

 

Level 3-Significant Unobservable Inputs

Total

 

Assets ($)

  

Investments in Securities:

  

Equity Securities - Common Stocks

3,081,853,164

-

 

-

3,081,853,164

 

Investment Companies

30,815,583

-

 

-

30,815,583

 

Other Financial Instruments:

  

Futures††

250,341

-

 

-

250,341

 

 See Statement of Investments for additional detailed categorizations, if any.

†† Amount shown represents unrealized appreciation at period end.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in equity securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation


purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the “Service”) approved by the Board Members (“Board”). These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by BNY Mellon under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Financial futures, which are traded on an exchange, are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of BNY Mellon Investment Adviser, Inc., the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the


value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by BNY Mellon Investment Adviser Inc., or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at March 31, 2022 is discussed below.

Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.

At March 31, 2022, accumulated net unrealized appreciation on investments was $2,368,110,142, consisting of $2,394,517,820 gross unrealized appreciation and $26,407,678 gross unrealized depreciation.

At March 31, 2022, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.